By Bitman — Sep 07, 2024 Traders see 50% chance of Jumbo Fed cut as soft US jobs data fuels bond rally.
Nasdaq 100 plunged 5.9% in worst week since Nov 2022, S&P 500 dropped 4.3% in worst week since March 2023.…
US 10y yields dropped to their lowest point since Jun 2023 as mkts worried about growth following the soft US jobs report.…
US jobs data is mixed, or as Vital Knowledge Media puts it, "could have been worse, but not great." This report strongly supports the Fed making a 50bps
🚨USA 🇺🇸: The judge in the case where Donald Trump was convicted of bribery has postponed the sentencing from September 18 to November 26, pushing it to after the presidential election.